The bear trends are still stubbornly dominating the market, however, there are always bullish coins rising despite prolonged dips and frequent price cuts.
This week, Bitcoin Cash is once again on top of our list of losers, where it had been hosted already more than several times during previous weeks, while TRON is dominating the list of top gainers for the week between January 8th and January 15th.
Cryptocurrency Market Top Gainers of the Week – TRON (TRX) Dominating the Top 20 List, CariNet (CIT) the Definite Gainer of the Week
TRON (TRX) is currently the only cryptocurrency on the list of top 20 trading currencies that is actually trading in the green and showcasing a sign of progress.
At the end of the week, TRX is showing nearly 4% of positive returns on the weekly basis, also rising by over 4.30% in the course of the last 24 hours, on Tuesday, January 15th.
In the meanwhile, the rest of its crypto peers on the list of the top 20 trading currencies are dropping from -6% to -16% in the course of the last week.
The reason why TRX might be an isolated case during this week is the fact that BitTorrent Tokens (BTT) are expecting an airdrop as well as the start of the official token sale.
As TRON foundation stands behind the project, it is only natural that TRX holders will become eligible for getting BTT tokens in the upcoming airdrop, which might be the reason why more TRX units are being bought this week and less being sold, resulting in positive weekly returns.
The biggest gainer on the list of all tokens and currencies for the week is CariNet (CIT) with the amazing return of 739% in a single week.
Additionally, CariNet is growing by over 45% in the last 24 hours. However, Coinlib.io offers no chart information for CIT, suggesting that the coin is either centralized or has a low level of liquidity.
Cryptocurrency Market Top Losers of the Week – Bitcoin Cash (BCH) Down by over -16%, LRM Coin (LRM) the Definite Loser of the Week
Bitcoin cash once again managed to appear on the list of top losers of the week with dropping by -16.83%, although showing gains in the last 24 hours with the rest of the market.
Stellar Lumens (XLM) is trading close to Bitcoin Cash for the week, being close to the top losing coin of the week on the top 20 list with -16% down in the last 7 days.
Even though BCH managed to retrieve its previously held rank of the 4th largest cryptocurrency, the crypto is still having a hard time going above the value of 130$.
LRM Coin (LRM) appears to be the biggest loser of the week among the competition of over 2,000 different assets with over -60% of lost value in the course of the last seven days.
The market is showing a bullish return on January 15th, as almost all cryptocurrencies are picking up the positive trend while collecting rises, including the currencies that have marked losses during the week.
Image Credit: Jason Guck